Many regulations have failed to achieve their goals, have negative ‘unintended consequences' and have the opposite effect to what was intended, says the Conservative party.
In an economic competitiveness report, the Conservative party says bad regulations are hindering the competitiveness of the British economy and “it is time for a change”. The report states: “Bad regulations have added extra costs and obstacles for people attempting to buy goods and services, and have unnecessarily eroded business investment, innovation and productivity.” In addition, the Conservatives believe there is a far greater burden on the competitiveness of UK businesses from the flow of new regulations from the EU and UK governments. The report states: “With the pressure on...
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